Does positive thinking make for a better mortgage?

Happy family with one child moving to new house | mortgage rate news

How important is positivity for the mortgage industry?

If you follow the success of Guaranteed Rate, maintaining a positive attitude in the mortgage industry is absolutely critical. A company doesn’t grow the way Guaranteed Rate has over the past two decades without having positivity, hard work, gratitude, and responsibility.

A recent featured article in Forbes highlighted how Guaranteed Rate CEO Victor Ciardelli leads with the power of positivity. Ciardelli stated, “I communicate the power of positivity and gratitude to everybody around me: employees, friends, family members, everyone. I’m a big believer in the Law of Attraction, manifestation, and thoughts shaping reality. If you think positive thoughts, positive things will happen.”

The power of positivity is also reflected in the new Rate App that has yoga classes and mindfulness lessons along with tools to support your financial well-being.

Did mortgage rates continue to dip?

The national average for a 30-year, fixed rate mortgage rate dropped 0.01% to 6.95%* on Wednesday.

A lot of officials from the Federal Reserve spoke, and essentially repeated the same talking points that we heard last week from Chairman Jerome Powell. Based on the comments, it sounds like we won’t see rate cuts any time soon, but we’re also not going to see any more hikes.

America’s most expensive home is on the market

According to the Wall Street Journal, the most expensive property ever listed in the U.S. is for sale.

A 9-acre compound in Naples, FL is available if you can meet the price, and the price is bit hefty. Available for $295 million, the home would shatter the record for the most expensive residential property in the U.S.

The beachfront compound was built by financier John Donahue in the 1980s, and it’s played host to golf champions and American Presidents alike.

The property has three homes and a private yacht basin. It’s capable of hosting over 100 people for gatherings. Specific amenities aren’t listed, but you can bet that the home has literally everything.

The previous record was set by Beyonce and Jay-Z in 2023 when they paid $200 million for a mega-mansion in Malibu, CA.

* National average rates accurate as of 2/7/24 from and are not advertised rates from Guaranteed Rate.

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